Michigan Health Endowment Fund

Analysis

Michigan Health Endowment Fund is a registered charity in United States, based in Brighton, MI. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Health Endowment Fund reported income of $112.3m and spending of $45.1m, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.9m to $112.3m (+21%), an average of +4.9% a year. Over the whole period it spent 56% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Health Endowment Fund sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Lovelace Biomedical Research Institute ($112.1m), Upstate Cerebral Palsy Inc ($112.4m) and Blythedale Childrens Hospital ($112.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.8m (4.0% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $479.7m against liabilities of $20.9m, net assets of $458.8m. It reported 26 employees.